Glencore plc (OTCMKTS:GLCNF – Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 465,805 shares, an increase of 153.2% from the August 31st total of 183,939 shares. Based on an average daily trading volume, of 41,192 shares, the short-interest ratio is presently 11.3 days.
Glencore Price Performance
Shares of OTCMKTS:GLCNF traded up $0.12 during trading on Friday, hitting $7.43. 14,279 shares of the stock were exchanged, compared to its average volume of 121,001. The company has a fifty day moving average price of $7.64 and a two-hundred day moving average price of $7.48. Glencore has a 12-month low of $4.35 and a 12-month high of $8.56.
About Glencore
Glencore plc is a Switzerland-based diversified natural resources company engaged in the production, processing, marketing and distribution of commodities. Its operations span metals and minerals, energy products and agricultural products, serving industrial customers and consumers around the world.
The company produces and markets commodities including copper, cobalt, zinc, nickel, ferroalloys, coal and oil. Through its marketing and trading activities, Glencore sources commodities from its own operations and third-party producers and supplies them to manufacturers, processors, utilities and other commercial customers.
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